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Committee adopts substitute to House Bill 18 creating framework for Ohio strategic reserve that may include crypto
Summary
The House Technology and Innovation Committee adopted, without objection, a substitute to House Bill 18 that would permit a treasurer‑overseen strategic reserve funded by small percentages of interest earnings to hold digital assets and other future asset classes under specified governance.
The House Technology and Innovation Committee on a voice adoption without objection approved a substitute to House Bill 18 that would create a new fund for long‑term holdings and authorize a new Ohio Strategic Reserve Authority to oversee management.
Vice Chair Derek Workman moved to amend House Bill 18 with the substitute, saying, “This sub bill reflects diligent work conducted in conjunction with the treasurer's office,” and described the substitute as a vehicle to create a reserve funded by “small percentages of interest earnings from other state funds.” The motion to adopt substitute bill L1360174‑3 was not opposed and was adopted as the substitute to House Bill 18.
What the substitute would do: Testimony and floor explanation said the sub bill would:
- Authorize the state…
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